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Terra
$58.97 -6.38%
LUNA · 1w

Any level-headed explanation as to what is happening to Anchor?

I will start off by saying that I am fairly new to Anchor protocol ... (and Luna in general). But looking at the charts we have been in a fairly strong down trend since \~20th of December and this makes sense because the entire crypto has been going down. But, for the last 7 days, it is fair to say that the market has been consolidating, but not ANC... ANC is still going down. Is there some reason why this could be happening? Something to be concerned about? I am not one to do technical analysis, but looking at the charts, it looks like we dropped below the support line of $2.60 ... the next one is $2.42 and then about $2.00 But, I tend to believe in real world reasons rather than technical analysis alone. Does anybody have a possible explanation as to why ANC might be dropping still?
Go to self.terraluna
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